Family Firm Inc. purchased a new stake in shares of Materials Select Sector SPDR (NYSEARCA:XLB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,683 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Patten Group Inc. lifted its position in shares of Materials Select Sector SPDR by 2,849.5% during the 3rd quarter. Patten Group Inc. now owns 55,037 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 53,171 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Materials Select Sector SPDR during the 4th quarter valued at $130,000. Valeo Financial Advisors LLC acquired a new stake in shares of Materials Select Sector SPDR during the 3rd quarter valued at $181,000. USA Financial Portformulas Corp acquired a new stake in shares of Materials Select Sector SPDR during the 2nd quarter valued at $203,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Materials Select Sector SPDR during the 4th quarter valued at $206,000.

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Shares of Materials Select Sector SPDR (NYSEARCA XLB) opened at $58.03 on Friday. The stock has a market capitalization of $5,040.00 and a price-to-earnings ratio of -7.71. Materials Select Sector SPDR has a 1-year low of $51.04 and a 1-year high of $64.17.

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Materials Select Sector SPDR Company Profile

Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials.

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